Oleoductos del Valle (‘OldelVal’)

As of December 31, 2017, Pampa holds a 23.1% direct interest in OldelVal. Oldelval operates main oil pipelines providing access to Allen, in the Comahue area, and the Allen – Puerto Rosales oil pipeline, which allow for the evacuation of the oil produced in the Neuquina Basin to Puerto Rosales (a port in the City of Bahía Blanca) and the supply of the Plaza Huincul distillery located in the pipeline’s area of influence.

In 2017, oil transportation from Allen to Puerto Rosales averaged 19,910 m3 per day, while oil transportation to the refineries located in the Province of Neuquén totaled an average 2,612 m3 per day. Total transportation volume was 22,522 m3 per day, equivalent to 51.7 million barrels transported in 2017, representing a 1.5% decrease compared to 2016.